Bitcoin Aiming for $200K by Year-End, Yet Faces Short-Term Challenges: Insights from Jack Mallers

Jack Mallers, CEO of Twenty One Capital, suggests that Bitcoin may reach unprecedented highs between $150,000 and $200,000 by the end of 2026. However, he warns of potential price drops in the short term. This article explores Mallers' predictions and the factors influencing Bitcoin's price movement.

Key Takeaways

Jack Mallers forecasts Bitcoin could hit between $150,000 and $200,000 by late 2026, surpassing its previous peak.
He anticipates short-term challenges for Bitcoin due to macroeconomic factors, particularly the impact of recent tariff announcements.
Despite these challenges, Mallers remains optimistic about Bitcoin's long-term potential as inflation rises and fiat currency circulation increases.
Other industry leaders echo similar bullish sentiments for Bitcoin's price trajectory.

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Short-Term Hurdles for Bitcoin Growth

In a recent episode of “The Jack Mallers Show” on YouTube, Mallers was questioned about the potential impact of Donald Trump’s recent tariff ruling on Bitcoin. In case you're unfamiliar, the U.S. president has announced new tariff increases on eight European countries, taking effect on February 1. This situation may lead to market instability if the Supreme Court rules on the legality of Trump’s tariff actions soon.

Mallers pointed out that persistent tariff disputes could hinder Bitcoin's growth since the BTC market uniquely reflects global market sentiment as a freely traded commodity. He previously highlighted that Bitcoin currently lacks the "follow-through strength" necessary to endure macroeconomic fluctuations, making it susceptible to significant volatility from any announcements, particularly affecting leveraged traders.

Long-Term Predictions for Bitcoin

Despite these short-term challenges, Mallers is confident in Bitcoin's long-term performance. He asserted that although current narratives may dominate the market now, the actual market conditions will ultimately align over time.

He noted the likelihood of increased money printing leading to inflation, which would elevate the demand for safe-haven assets like Bitcoin. Additionally, if the Federal Reserve decides to cut interest rates, this could enhance the circulation of fiat and consequently boost investors' willingness to take risks.

While this positive scenario might not materialize immediately, Mallers predicts Bitcoin's price could soar to levels between $150,000 and $200,000 by the end of this year. He cautioned, “But we might dip a little before we go higher.”

Increasing Confidence in Bitcoin’s Future Price

Interestingly, the optimistic view held by Mallers is shared by several key figures in the cryptocurrency space. For instance, Changpeng “CZ” Zhao, co-founder of Binance, has stated that Bitcoin reaching $200,000 seems like the most "obvious" prediction. Additionally, Standard Chartered anticipates Bitcoin could reach $150,000 by the end of 2026, while Haseeb Qureshi, partner at Dragonfly, also predicts Bitcoin will exceed the $150,000 threshold this year.

Disclaimer: This article is for informational purposes only and should not be taken as financial advice. The opinions expressed here are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers should conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses.